Can I retire at age 60 with 18,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,443,357
2 years$744,029$730,172$716,743$703,722$691,092$683,084
3 years$491,092$477,176$463,780$450,882$438,457$430,626
4 years$364,649$350,775$337,513$324,835$312,711$305,116
5 years$288,802$275,012$261,924$249,504$237,718$230,382
6 years$238,255$224,568$211,674$199,531$188,098$181,030
7 years$202,163$188,592$175,902$164,045$152,974$146,178
8 years$175,107$161,658$149,179$137,613$126,907$120,383
9 years$154,074$140,752$128,487$117,216$106,874$100,620
10 years$137,258$124,066$112,018$101,041$91,062$85,076
11 years$123,508$110,449$98,619$87,936$78,316$72,594
12 years$112,059$99,133$87,522$77,132$67,867$62,404
13 years$102,378$89,587$78,195$68,096$59,182$53,971
14 years$94,087$81,432$70,259$60,448$51,878$46,916
15 years$86,908$74,390$63,434$53,909$45,678$40,956
16 years$80,633$68,251$57,512$48,270$40,370$35,883
17 years$75,102$62,857$52,334$43,370$35,795$31,536
18 years$70,190$58,083$47,774$39,085$31,827$27,789
19 years$65,801$53,830$43,735$35,317$28,368$24,543
20 years$61,856$50,022$40,138$31,986$25,339$21,719
21 years$58,291$46,593$36,919$29,029$22,676$19,254
22 years$55,055$43,493$34,027$26,394$20,325$17,094
23 years$52,104$40,678$31,417$24,038$18,245$15,197
24 years$49,403$38,113$29,056$21,924$16,399$13,526
25 years$46,922$35,767$26,912$20,022$14,757$12,051
26 years$44,636$33,615$24,959$18,307$13,292$10,747
27 years$42,523$31,636$23,177$16,757$11,984$9,592
28 years$40,564$29,810$21,546$15,353$10,814$8,567
29 years$38,743$28,123$20,050$14,079$9,764$7,656
30 years$37,047$26,559$18,676$12,921$8,823$6,846
31 years$35,464$25,107$17,411$11,867$7,977$6,125
32 years$33,982$23,756$16,245$10,906$7,215$5,482
33 years$32,594$22,498$15,168$10,029$6,530$4,909
34 years$31,289$21,323$14,172$9,228$5,912$4,397
35 years$30,062$20,224$13,250$8,494$5,355$3,940
36 years$28,906$19,196$12,395$7,823$4,852$3,531
37 years$27,815$18,231$11,601$7,208$4,397$3,166
38 years$26,783$17,326$10,864$6,644$3,987$2,839
39 years$25,807$16,476$10,179$6,126$3,615$2,546
40 years$24,882$15,675$9,540$5,650$3,279$2,284
41 years$24,005$14,921$8,946$5,213$2,975$2,049
42 years$23,171$14,211$8,392$4,811$2,699$1,839
43 years$22,379$13,540$7,874$4,441$2,450$1,650
44 years$21,624$12,906$7,391$4,101$2,224$1,481
45 years$20,905$12,307$6,940$3,787$2,019$1,330
46 years$20,220$11,741$6,518$3,498$1,833$1,194
47 years$19,565$11,204$6,124$3,232$1,664$1,072
48 years$18,940$10,696$5,755$2,986$1,511$962
49 years$18,342$10,214$5,409$2,760$1,373$864
50 years$17,770$9,757$5,085$2,551$1,247$776

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,200,000, adding $4,881 every year, while hoping to spend $45,221 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/35/25 Blend
59$18,200,000$18,200,000$18,200,000$18,200,000
60$20,061,435$19,096,835$18,814,735$20,715,406
61$22,059,586$19,984,465$19,396,914$22,076,031
62$24,260,034$20,914,073$19,997,080$23,542,462
63$26,683,363$21,887,669$20,615,788$25,128,084
64$29,352,260$22,907,358$21,253,611$26,843,817
65$32,291,721$23,975,349$21,911,137$28,701,643
66$35,529,291$25,093,956$22,588,974$30,714,710
67$39,095,323$26,265,604$23,287,750$32,897,451
68$43,023,265$27,492,838$24,008,108$35,265,711
69$47,349,974$28,778,323$24,750,716$37,836,886
70$52,116,065$30,124,854$25,516,258$40,630,083
71$57,366,293$31,535,362$26,305,443$43,666,290
72$63,149,978$33,012,918$27,118,998$46,968,563
73$69,521,467$34,560,742$27,957,676$50,562,234
74$76,540,649$36,182,211$28,822,250$54,475,142
75$84,273,520$37,880,863$29,713,520$58,737,883
76$92,792,803$39,660,410$30,632,307$63,384,091
77$102,178,640$41,524,741$31,579,461$68,450,738
78$112,519,343$43,477,935$32,555,854$73,978,476
79$123,912,230$45,524,267$33,562,389$80,012,005
80$136,464,542$47,668,222$34,599,994$86,600,484
81$150,294,458$49,914,497$35,669,627$93,797,979
82$165,532,208$52,268,022$36,772,274$101,663,959
83$182,321,301$54,733,963$37,908,953$110,263,843
84$200,819,882$57,317,737$39,080,712$119,669,603
85$221,202,227$60,025,022$40,288,632$129,960,421
86$243,660,379$62,861,774$41,533,827$141,223,427
87$268,405,973$65,834,235$42,817,445$153,554,497
88$295,672,222$68,948,953$44,140,669$167,059,142
89$325,716,128$72,212,790$45,504,721$181,853,482
90$358,820,899$75,632,944$46,910,855$198,065,324
91$395,298,632$79,216,959$48,360,370$215,835,346
92$435,493,251$82,972,748$49,854,601$235,318,399
93$479,783,757$86,908,607$51,394,924$256,684,948
94$528,587,805$91,033,234$52,982,760$280,122,658
95$582,365,649$95,355,750$54,619,570$305,838,134
96$641,624,483$99,885,719$56,306,862$334,058,848
97$706,923,229$104,633,169$58,046,192$365,035,259
98$778,877,819$109,608,615$59,839,160$399,043,142
99$858,167,003$114,823,083$61,687,417$436,386,166
100$945,538,758$120,288,135$63,592,667$477,398,725